940 W Weed St

Chicago, IL

Location: Chicago
Neighborhood: Lincoln Park
Status: Available for Lease
Acquisition Date: April 2016
Asset Type: Neighborhood Street
Tenant(s): Joe’s on Weed
Gross Square Footage: 16,000
940 W Weed St was purchased in a programmatic joint venture with the State Teachers Retirement System of Ohio in 2016 and is currently occupied by one of Chicago’s best entertainment venues, Joe’s on Weed. The investment strategy for the 16,000 square foot site calls for performing a comprehensive renovation in order to continue to maintain constant retail tenancy. The Venture’s original purchase of the site was executed to capitalize on the momentum of the Clybourn Corridor’s robust retail market, but now there is opportunity to take advantage of both the established retail market and an emerging office market through the Property’s C3-5 zoning and large lot size allowing for a substantial redevelopment with a variety of uses.

Property Highlights

  • Flexible floorplate size
  • C3-5 Zoning
  • 100 FT of frontage
  • Original 16′ bow-truss ceiling
  • Rooftop deck

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